New year high! Steel is approaching 3800 yuan, steel prices are rising again!

On the two days of the weekend, billet prices continued to rise, driven by stronger steel shocks during the night. As of July 13, the direct billet prices for steel billets once again reached a new high for the year, which now includes a tax report of 3400 yuan/ton, and the warehousing spot price has risen, with a tax report of about 3500 yuan/ton, an increase of 10-30 yuan/figure from last Friday. Tons vary, and under the ferment of optimism, steel prices have recently risen in turns, showing a prosperous scene.

In addition to the disk's push, this wave of rise is also related to the recovery of macro sentiment. At the same time, recent domestic infrastructure policies are also boosting market confidence. On July 8, the National Development and Reform Commission, the Ministry of Finance, the Ministry of Housing, the Ministry of Transport and other 12 departments issued the "Implementation Opinions on Supporting Private Enterprises to Participate in the Development of Transportation Infrastructure". The policy is clear in the direction of boosting the infrastructure economy. Iron and Steel As a variety most relevant to infrastructure, the product may benefit a lot later.

Billet prices are the vane of steel prices, and the strong rise in billet prices last week successfully pushed the spot market steel prices to a new high this year. As of July 13, the average price of the top ten key cities in the country showed that hot-rolled coil was 3,867 yuan/ton, medium and heavy plate was 3,883 yuan/ton, hot-rolled strip price was 3,960 yuan/ton, and the price of galvanized pipe was 5,138 yuan/ton, both hit a new high this year.

On the one hand, on the one hand, the macro-optimum continues to drive the relative strength of the futures market, forming a support for spot prices; on the other hand, the factory warehouse begins to decline, and at the same time, the cost of stronger raw materials increases, and the steel mills have a stronger willingness to price. It should be noted that as the rainy weather continues in the southern region and the demand side is suppressed, domestic steel prices may have relatively limited upward space.